SHERMAN (1080 KRLD)- Sherman-based GlobiTech has announced it will expand its facility. The company was founded in 1998 and makes components for silicon wafers.
GlobiTech is a subsidiary of Taiwan-based GlobalWafers. In addition to expanding in Sherman, GlobiTech had been considering locations in Ohio and South Korea.
"Advanced 300 millimeter silicon wafers are currently manufactured in Asia, forcing the U.S. semiconductor industry to rely on imported silicon wafers. This exciting and bold investment in my hometown of Sherman will represent the first new silicon wafer facility in the U.S. in over two decades and close a critical semiconductor supply chain gap," President Mark England wrote in a statement.
GlobiTech received $34 million in local tax incentives and a $15 million grant from the Texas Enterprise Fund. The project is expected to cost $5 billion.
In May, Texas Instruments broke ground on a campus in Sherman that will ultimately cost $30 billion and include four semiconductor plants.
"Sherman has spent years building a business-friendly climate and laying the groundwork to support large employers," Mayor David Plyler said. "Now, for the second time in less than a year, that investment has paid huge dividends. GlobalWafers’ decision to locate their state-of-the-art semiconductor silicon facility in Sherman will meet a critical industry need and cement our city’s status as a center of high-tech manufacturing–not only in Texas, but across the country. I want to thank GlobalWafers for their investment in Sherman, and for the trust they have placed in our local leadership. This project will provide profound benefits for our citizens, our city, and Grayson County for decades to come."
GlobiTech says its plant will add 1,500 jobs. The project includes $34 million in tax incentives and a $15 million grant from the Texas Enterprise Fund.
"GlobiTech's ongoing partnership with the City of Sherman will create more than a thousand new jobs for the region and invest billions of dollars into our state's economy, boosting Texas’ global position in the semiconductor industry amid a worldwide chip shortage. We look forward to continuing working with GlobiTech to keep providing economic opportunities through its expanded presence in the Lone Star State," Governor Greg Abbott said.
The company plans to start construction later this year and could open the plant in 2025.
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